Investor Presentaiton

Newbuild contracting currently dominated by China and Korea, TOP3 shipbuilding countries building positions in technology race ■ Korea introduced 'K-Ship' program designed to build and maintain the country's leadership as the shipbuilder of premium ships. The Ministry of Trade, Industry and Energy reports that first half 2021 Korea's shipbuilders received 63% of the orders for premium ships and 66% of the orders for eco-friendly ships. The target is 75% of the market for eco-friendly ships and a 50% share in autonomous vessels by 2030. ■In China, technologically advanced ships are among the country's industrial priorities, building on national demand and supply, the strongest long-term ambitions being "smart" ships. ■Japan shipbuilding industry accelerating the development of autonomous ships with target to introduce autonomous vessels by 2025 and by 2040 to replace half of the Japanese coastal ships with crewless vessels. In 2028 Japan will introduce the first generation of emission-free ships. Global Contracting Activity (1st October 2021) No. Sbn 2019 2020 2021ytd %y-o-y 2019 TOTAL (2,000 DwUGT") 1,309 980 1,260 71% 81.2 2020 2021ytd %y-o-y 50.7 85.9 126% 2019 m. CGT 2020 2021ytd %y-o-y* Builder country split YTD 1st Oct 2021 3% 3% 2% 2% 30.7 23.7 37.7 112% Vessel Type 44% 49% Bulkers 385 317 287 21% 11.3 8.4 9.9 58% 7.5 5.6 5.9 39% 54% Tankers 293 239 195 9% 12.3 11.3 8.8 4% 6.6 5.8 4.7 8% Containerships 123 120 470 422% 6.6 8.0 37.6 526% 3.6 4.3 17.5 440% Gas Carriers 125 103 143 85% 14.1 13.9 15.2 45% 5.8 5.3 6.3 59% Offshore 95 65 34 -30% 8.4 4.6 7.4 111% 1.3 1.2 0.8 -13% 43% 39% Others 288 136 131 28% 28.4 4.5 7.0 109% 5.9 1.4 2.4 136% 27% Builder Country/Region China 556 469 685 South Korea 232 193 Japan 292 190 Europe 119 57 (༔ཤྩ 95% 22.7 17.9 38.1 183% 10.7 9.8 18.5 152% 12% 8% 9% 343 137% 22.8 19.4 36.6 151% 9.9 8.6 14.6 125% 1260 Value CGT 153 7% 9.2 5.0 7.0 89% 5.2 3.0 3.4 51% $85.9bn 37.7m 43 1% 22.7 6.4 2.6 -47% 3.6 1.3 0.7 -34% Japan Korea China Europe Others Other 110 71 36 -32% 3.7 2.0 1.6 8% 1.2 0.9 0.6 -16% CARGOTEC Source: Clarkson Research, October 2021 & market news Investor presentation November 2021 96

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